Which of the following statements is true concerning clusters?
A) The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors.
B) Clusters are geographic concentrations of interconnected companies and industries.
C) An example of a cluster in the United States is California's Silicon Valley.
D) According to Porter, clusters provide access to employees, suppliers, specialized information, and complementary products.
E) all of the above

Question

Quizplus · Accepted Answer

All of the statements are true concerning clusters. The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors. Clusters are geographic concentrations of interconnected companies and industries. An example of a cluster in the United States is California's Silicon Valley. According to Michael Porter, clusters provide access to employees, suppliers, specialized information, and complementary products.

Which of the Following Statements Is True Concerning Clusters